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$BAC's expenses declined 3% YoverY in 3Q16, while efficiency ratio improved to 62% in the quarter, up 400 BP from a year ago. The company utilized its cash by growing securities in its investment portfolio and by loan growth. In consumer banking, $BAC is seeing growth in residential real estate and vehicle lending, offset by home equity pay-downs.
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.
Wow, the new $HPE Pro x2 612 G2. Finally, a Surface Tab you can use for business!
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!